Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 574 | 654 | 547 | 548 | 518 | 517 | 412 | 416 | 445 | 503 | 436 | 469 |
| Expenses | 581 | 642 | 559 | 547 | 563 | 505 | 423 | 423 | 449 | 496 | 443 | 462 |
| Operating Profit | -7 | 12 | -12 | 1 | -45 | 12 | -11 | -7 | -4 | 7 | -7 | 8 |
| OPM % | -1.2% | 1.8% | -2.2% | 0.2% | -9% | 2.3% | -2.8% | -1.6% | -0.8% | 1.3% | -1.6% | 1.6% |
| Other Income | 3 | 6 | 4 | 28 | 61 | 3 | 11 | 11 | 4 | 1 | 9 | 2 |
| Interest | 36 | 38 | 41 | 43 | 40 | 41 | 41 | 40 | 41 | 43 | 45 | 46 |
| Depreciation | 31 | 32 | 32 | 30 | 64 | 22 | 27 | 26 | 23 | 23 | 23 | 23 |
| Profit before tax | -70 | -51 | -81 | -44 | -87 | -47 | -68 | -62 | -64 | -58 | -66 | -60 |
| Tax % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Net Profit | -70 | -51 | -81 | -43 | -87 | -47 | -68 | -62 | -64 | -58 | -66 | -60 |
| EPS in Rs | -7.78 | -5.68 | -8.95 | -4.82 | -9.67 | -5.25 | -7.59 | -6.84 | -7.08 | -6.47 | -7.28 | -6.71 |
| Mar 2018 13m | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,149 | 2,187 | 2,645 | 2,428 | 2,300 | 2,453 | 2,345 | 1,995 | 1,800 | 1,854 |
| Expenses | 1,153 | 2,178 | 2,587 | 2,420 | 2,275 | 2,448 | 2,354 | 2,038 | 1,810 | 1,850 |
| Operating Profit | -4 | 9 | 57 | 8 | 25 | 4 | -9 | -43 | -10 | 4 |
| OPM % | -0.4% | 0.4% | 2.2% | 0.3% | 1.1% | 0.2% | -0.4% | -2.2% | -0.5% | 0.2% |
| Other Income | 9 | 28 | 32 | 53 | 76 | 32 | 23 | 104 | 25 | 16 |
| Interest | 4 | 7 | 82 | 91 | 97 | 115 | 148 | 164 | 169 | 175 |
| Depreciation | 15 | 25 | 138 | 134 | 126 | 132 | 132 | 143 | 96 | 93 |
| Profit before tax | -14 | 4 | -131 | -164 | -122 | -211 | -267 | -247 | -250 | -248 |
| Tax % | 0% | 43% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | |
| Net Profit | -14 | 2 | -131 | -164 | -121 | -210 | -266 | -246 | -249 | -248 |
| EPS in Rs | 0.27 | -14.51 | -18.18 | -13.48 | -23.34 | -29.53 | -27.33 | -27.66 | -27.54 | |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -6% | -10% | 0% | ||
| Compounded Profit Growth | % | -13% | -8% | 6% | ||
| Stock Price CAGR | % | -26% | -27% | -50% | ||
| Return on Equity | % | % | % | % |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 40 | 40 | 45 | 45 | 45 | 45 | 45 | 45 |
| Reserves | 507 | 508 | 234 | 141 | 17 | -196 | -461 | -707 | -958 |
| Borrowings | 1 | 0 | 849 | 944 | 1,069 | 1,341 | 1,622 | 1,571 | 1,919 |
| Other Liabilities | 373 | 365 | 471 | 429 | 435 | 439 | 490 | 400 | 390 |
| Total Liabilities | 881 | 914 | 1,594 | 1,559 | 1,565 | 1,629 | 1,696 | 1,310 | 1,396 |
| Fixed Assets | 239 | 263 | 1,055 | 1,053 | 1,049 | 1,132 | 1,211 | 953 | 971 |
| CWIP | 0 | 1 | 10 | 3 | 8 | 2 | 1 | 0 | 0 |
| Investments | 7 | 23 | 24 | 35 | 94 | 94 | 56 | 43 | 36 |
| Other Assets | 635 | 627 | 505 | 468 | 415 | 401 | 428 | 314 | 389 |
| Total Assets | 881 | 914 | 1,594 | 1,559 | 1,565 | 1,629 | 1,696 | 1,310 | 1,396 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -48 | -13 | 114 | -2 | 55 | 27 | 35 | 37 | -60 |
| Cash from Investing Activity | -189 | 22 | -7 | -18 | -40 | -26 | 11 | -20 | -8 |
| Cash from Financing Activity | 38 | -0 | -54 | -3 | -54 | -5 | -28 | -27 | 92 |
| Net Cash Flow | -199 | 9 | 53 | -24 | -40 | -4 | 18 | -10 | 24 |
| Free Cash Flow | -55 | -58 | 71 | -25 | 31 | 1 | 3 | 21 | -69 |
| CFO/OP | 1,079% | -107% | 212% | 23% | 219% | 271% | -364% | -83% | 633% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12 | 7 | 9 | 4 | 4 | 3 | 4 | 3 | 5 |
| Inventory Days | 109 | 57 | 44 | 51 | 52 | 49 | 52 | 39 | 47 |
| Days Payable | 123 | 66 | 66 | 63 | 67 | 64 | 75 | 72 | 76 |
| Cash Conversion Cycle | -2 | -1 | -13 | -8 | -10 | -12 | -19 | -30 | -24 |
| Working Capital Days | -1 | -2 | -40 | -50 | -63 | -79 | -99 | -137 | -192 |
| ROCE % | 2% | -6% | -7% | -2% | -8% | -10% | -10% | -9% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% | 58.81% |
| FIIs | 8.45% | 8.84% | 9.38% | 8.32% | 8.31% | 8.54% | 8.74% | 7.56% | 7.36% | 6.50% | 6.55% | 6.50% |
| DIIs | 2.37% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 30.21% | 30.20% | 29.65% | 30.72% | 30.73% | 30.48% | 30.29% | 31.47% | 31.67% | 32.54% | 32.48% | 32.54% |
| Others | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% |
| No. of Shareholders | 57,358 | 51,018 | 49,190 | 49,192 | 51,367 | 50,829 | 50,376 | 50,376 | 49,994 | 49,221 | 48,360 | 47,972 |
Fundamentals
Market Cap₹ 246 Cr.
Current Price₹ 27.4
Book Value₹ -101
ROCE-9.34 %
ROE%
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)6%
Consolidated figures.
Valuation
Market capRs 237 Cr
Enterprise valueRs 1,782 Cr
Price to book-0.36x
Price to sales0.13x
EV / EBITDA90.05x
EV / sales0.96x
Price to cash flow6.32x
Earnings yield-104.93%
P/B, 3-year average-1.99x
P/B, 5-year average1.83x
Profitability
Operating margin (excl. other income)-2.17%
Operating margin (incl. other income)3.02%
EBITDA margin1.07%
Pre-tax margin-13.40%
Net profit margin-13.39%
Net margin, latest quarter-12.88%
ROE45.73%
ROCE-7.78%
ROA-16.39%
ROE, 3-year average204.89%
ROCE, 3-year average-8.64%
ROA, 3-year average-15.19%
ROE, 5-year average89.12%
ROCE, 5-year average-6.92%
ROA, 5-year average-12.75%
ROIC (approx.)-8.25%
Tax rate0.10%
Other income / net worth-15.65%
Growth
Sales growth (latest year)-14.92%
Sales CAGR, 3 years-4.62%
Sales CAGR, 5 years-5.48%
Sales growth QoQ7.64%
Sales growth YoY (latest quarter)12.90%
Per share
EPS (TTM)Rs -27.53
EPS (latest year)Rs -27.33
EPS (latest quarter)Rs -6.71
EPS, 3-year averageRs -26.74
EPS, 5-year averageRs -22.37
Book value per shareRs -73.40
Sales per shareRs 205.66
Cash flow per shareRs 4.15
Free cash flow per shareRs -7.66
Efficiency
Asset turnover1.52x
Fixed asset turnover2.09x
Inventory turnover10.14x
Inventory days36 days
Debtor days3 days
Debtors turnover109.27x
Creditor days76 days
Cash conversion cycle-24 days
Working capital days-192 days
Leverage
Total debtRs 1,571 Cr
Cash and bankRs 26 Cr
Net debtRs 1,546 Cr
Debt to equity-2.38x
Net debt / EBITDA78.10x
Interest coverage-0.42x
Owners' fund to total sources-50.52%
Debt to assets120.00%
Cash flow
Cash from Operating Activity (latest year)Rs 37 Cr
Cash from Investing Activity (latest year)Rs -20 Cr
Cash from Financing Activity (latest year)Rs -27 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs -69 Cr
FCFE (approx.: FCF + change in debt)Rs -119 Cr
Sales to cash flow53.33x
Statement figures
Net sales (TTM)Rs 1,854 Cr
Net sales (latest year)Rs 1,995 Cr
Sales (latest quarter)Rs 469 Cr
Operating profit excl. other income (latest year)Rs -43 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 20 Cr
PBDT (TTM)Rs -156 Cr
Profit before tax (TTM)Rs -248 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -248 Cr
Net profit (latest year)Rs -246 Cr
Net profit (latest quarter)Rs -60 Cr
Depreciation (TTM)Rs 93 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 175 Cr
Cost of goods sold (latest year)Rs 1,724 Cr
Total expenditure (latest year)Rs 2,038 Cr
Total income (latest year)Rs 2,099 Cr
Share capitalRs 45 Cr
ReservesRs -707 Cr
Shareholders' fundsRs -662 Cr
Total assetsRs 1,310 Cr
Net blockRs 953 Cr
InvestmentsRs 43 Cr
ReceivablesRs 18 Cr
InventoryRs 170 Cr
Other liabilitiesRs 400 Cr
Shares outstanding (crore)9.01
Ownership
Promoter holding58.81% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | SPENCERS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.3% | -2.8% | -6.5 pts |
| 1 month | -9.2% | -6.8% | -2.4 pts |
| 3 months | -28.7% | -7.6% | -21.1 pts |
| 6 months | +6.8% | +0.4% | +6.3 pts |
| 1 year | -52.1% | -9.9% | -42.2 pts |
| 2 years | -74.8% | -13.6% | -61.3 pts |
| 3 years | -62.9% | +14.2% | -77.1 pts |
| 5 years | -79.7% | +27.9% | -107.6 pts |
Red flags
F-score 4 of 8| serious | Negative equity Shareholders' equity is negative |
| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹469 Cr +12.7% vs Jun 2025.
Net loss ₹60 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Avenue Supermarts Ltd | 244,592 | 80.0 | 17.2 % |
| Vishal Mega Mart Ltd | 48,863 | 54.8 | 15.2 % |
| Electronics Mart India Ltd | 7,376 | 37.6 | 8.17 % |
| V-Mart Retail Ltd | 6,048 | 43.6 | 13.2 % |
| Shoppers Stop Ltd | 4,599 | 7.03 % | |
| Keto Motors Ltd | 1,919 | 7,379 | -0.30 % |
| Patel Retail Ltd | 713 | 17.1 | 15.6 % |
| Jay Jalaram Technologies Ltd | 228 | 26.0 | 17.0 % |
| On Door Concepts Ltd | 180 | 16.7 | 10.1 % |
| Jay Ambe Supermarkets Ltd | 110 | 22.5 | 25.4 % |
| Aditya Consumer Marketing Ltd | 48 | -6.40 % | |
| Osia Hyper Retail Ltd | 40 | 2.25 | 14.7 % |
| JHS Svendgaard Retail Ventures Ltd | 23 | % | |
| Future Lifestyle Fashions Ltd | 22 | -72.6 % | |
| Future Enterprises Ltd | 22 | -10.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-08-13 | Annual General Meeting | |
| 2023-07-27 | Annual General Meeting | |
| 2022-07-20 | Annual General Meeting | |
| 2021-08-09 | Annual General Meeting | |
| 2020-07-28 | Rights 2:15 @ Premium Rs 70/- | |
| 2020-07-23 | Annual General Meeting | |
| 2019-07-10 | Annual General Meeting |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)High low price variation greater than 150perc in previous 12 monthsLoss making
Quick answers
What is the market cap of Spencers Retail Ltd?
Spencers Retail Ltd (SPENCERS) has a market capitalisation of Rs 246 Cr. at the 2026-10-01 close.
What were Spencers Retail Ltd's latest quarterly results?
In the Jun 2026 quarter, Spencers Retail Ltd sales was Rs 469 Cr (+12.7% vs Jun 2025) with a net loss of Rs 60 Cr.
What is the 52-week high and low of Spencers Retail Ltd?
The 52-week high is Rs 61.40 and the 52-week low is Rs 24.38.